XML 46 R36.htm IDEA: XBRL DOCUMENT v3.5.0.2
Acquisitions Schedule of Recognized Identifiable Assets Acquired and Liabilities Assumed (Details) - USD ($)
$ in Thousands
Aug. 12, 2016
Sep. 30, 2016
Dec. 31, 2015
Business Acquisition [Line Items]      
Goodwill   $ 212,820 $ 204,523
Flathead Bank Acquisition, as recorded by Flathead Bank      
Business Acquisition [Line Items]      
Cash and Cash Equivalents $ 52,653    
Investment Securities 99,801    
Loans and Leases Receivable 87,181    
Allowance for Loan Losses (1,567)    
Premises and Equipment 4,529    
Core Deposit Intangible Assets 0    
Company Owned Life Insurance 6,386    
Other Assets 5,200    
Total Assets Acquired 254,183    
Deposits 209,673    
Repurchase Agreements 18,050    
Other Liabilities 838    
Total Liabilities Assumed 228,561    
Net Assets Acquired 25,622    
Flathead Bank Acquisition, Fair Value Adjustments      
Business Acquisition [Line Items]      
Cash and Cash Equivalents 0    
Investment Securities [1] 1,315    
Loans and Leases Receivable [2] (3,833)    
Allowance for Loan Losses [3] (1,567)    
Premises and Equipment [4] 891    
Core Deposit Intangible Assets [5] 2,486    
Company Owned Life Insurance 0    
Other Assets [6] (2,373)    
Total Assets Acquired 53    
Deposits [7] (86)    
Repurchase Agreements 0    
Other Liabilities 0    
Total Liabilities Assumed (86)    
Net Assets Acquired 139    
Flathead Bank Acquisition, as Recorded by the Company      
Business Acquisition [Line Items]      
Cash and Cash Equivalents 52,653    
Investment Securities 101,116    
Loans and Leases Receivable 83,348    
Allowance for Loan Losses 0    
Premises and Equipment 5,420    
Core Deposit Intangible Assets 2,486    
Company Owned Life Insurance 6,386    
Other Assets 2,827    
Total Assets Acquired 254,236    
Deposits 209,587    
Repurchase Agreements 18,050    
Other Liabilities 838    
Total Liabilities Assumed 228,475    
Net Assets Acquired 25,761    
Payments to Acquire Businesses, Gross 34,100    
Goodwill $ 8,339    
[1] Write up the book value of investments to their estimated fair values based upon two external pricing services.
[2] Write down of the book value of loans to their estimated fair values. The fair value of loans was estimated using cash flow projections based on the remaining maturity and repricing terms, adjusted for estimated future credit losses and prepayments and discounted to present value using a risk-adjusted market rate for similar loans. The fair value of collateral dependent loans acquired with deteriorated credit quality was estimated based on the Company's analysis of the fair value of each loan's underlying collateral, discounted using market-derived rates of return with consideration given to the period of time and costs associated with foreclosure and disposition of the collateral.
[3] Adjustment to remove the Flathead allowance for loan losses at acquisition date as the credit risk is accounted for in the fair value adjustment for loans receivable described in (2) above.
[4] Write up of the book value of premises and equipment to their estimated fair values on the date of acquisition based upon appraisals obtained from an independent third party appraiser or signed purchase agreements.
[5] Adjustment represents the value of the core deposit base assumed in the acquisition based upon an internal valuation using industry averages obtained from an investment banking firm.
[6] Adjustment consists of the write-off of pre-existing goodwill and pre-paid assets.
[7] Decrease in book value of time deposits to their estimated fair values based upon interest rates of similar time deposits with similar terms on the date of acquisition.